In this Act unless the context otherwise requires:

"accredited tertiary institution" means a tertiary institution accredited by the National Accreditation Board;

"basic school" means public nursery, primary and junior secondary;

"Board" means the Board of Trustees established for the Fund under section 6;

"education" means education in an approved basic school, second-cycle school and an accredited tertiary institution;

"Fund" means the Ghana Education Trust Fund established under section 1;

"Minister" means the Minister responsible for Education;

"research grant" means an outright financial grant awarded to a citizen to undertake a specific academic research;

"rotation" means serving turns for a period of four years each;

"second-cycle" means public senior secondary school and technical and vocational school;

"student" means a person in any institution of education who is a citizen;

"student loan scheme" means a scheme operated nation-wide for the grant of loans to students in accredited tertiary institutions;

"tertiary institution" means an accredited tertiary institution, namely,

(a) a university or a university college;

(b) a polytechnic;

(c) diploma awarding teacher training college; and

(d) post senior secondary school institution;

"Trustees" means members of the Board of Trustees.